Here is a prediction that will sound outlandish today: A decade from now, Broadcom (NASDAQ: AVGO) will be worth more than both Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT).
At the moment, that looks like a stretch
Broadcom carries a market value of around $1.76 trillion, while Apple sits near $4.9 trillion and Microsoft close to $2.9 trillion. To pass them, Broadcom would have to nearly triple in value while the two giants tread water. I think it could happen, and the reason is that the value in technology is shifting.
The case for Broadcom on top Broadcom has become one of the essential suppliers of the artificial intelligence (AI) era. It designs the custom chips that companies like Alphabet, Meta Platforms, and Anthropic use to run their AI systems, and it dominates the networking gear that ties thousands of those chips together inside a data center. Management has projected that custom AI chip revenue will exceed $100 billion annually by 2027, and demand continues to grow as major AI players race to build more computing power.